In plain English
GHGP Corporate Standard
GHGP Corporate Standard is a inventory method run by Greenhouse Gas Protocol. People often refer to it by its code, GHGP-Corp. It works in the corporate inventory space.
In short
Organisational GHG inventory across Scope 1, 2 and optional Scope 3.
What it is
The GHG Protocol Corporate Accounting and Reporting Standard sets requirements and guidance for companies and other organizations to compile a corporate-level greenhouse gas emissions inventory. It covers the seven greenhouse gases named in the Kyoto Protocol and organizes emissions into direct emissions and indirect emissions across scope 1, scope 2, and scope 3. The standard defines organizational and operational boundaries, base year setting, and reporting principles such as relevance, completeness, consistency, transparency, and accuracy. It functions as an accounting and reporting framework and does not issue tradable credits, and emissions are measured in metric tons of carbon dioxide equivalent.
What it rewards
The reward is a credit called a GHG Inventory Statement (INV). One credit stands for one tonne of carbon dioxide kept out of the atmosphere (or taken back out of it). An assured organisational GHG inventory. A whole period of work is issued as one batch of credits at a time, in the same way a registry issues a batch.
What gets measured
To earn INV credits, a project has to measure and prove a few things. An independent reviewer checks the evidence before any credits are issued.
Which parts of the organisation are being counted (its reporting boundary).
The activity data for every source of emissions, across the relevant scopes.
The resulting total, expressed in tonnes of carbon dioxide equivalent.
Who takes part
Programme Administrator. Owns the protocol and approves reporters.
Reporting Entity. Defines the inventory boundary and reports activity data.
Verification Body. Provides limited or reasonable assurance over the inventory.
How it works
- 1
The organisation decides which parts of itself to count.
- 2
It gathers the activity data for every source of emissions.
- 3
The emissions are worked out using standard factors.
- 4
An independent reviewer checks the numbers for confidence.
- 5
The finished inventory is published as a statement of emissions.
Learn more